Stories from Salman Siddiqui
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Current account deficit narrows 55% to $1.29b in Jul-Aug
Reading, however, is slightly higher than expected
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Tough economic reforms bearing fruits, IMF told
SBP assures fund's delegation of consistency in implementing reforms
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FDI dips 58% to $156.7m despite signs of recovery
Investors hold back decision on investment in new projects
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KAPCO's profit surges 23.5% to Rs13.1b
Rise comes due to drop in cost of sales, surge in other income
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SBP retains interest rate at 13.25% for next two months
Central bank has kept its projection for inflation unchanged at 11-12% for full fiscal year 2020
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Analysts expect SBP to keep rate unchanged
Anticipation comes due to lower-than-expected inflation reading for Aug
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Pakistan may face serious financing issues: Moody’s
Says country will see significant deterioration in interest payments-to-revenue ratio
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Recent spell of rains: a blessing for rice farmers
Have helped overcome water shortfall, aided in good rice yield
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Emerging risks hamper growth of banking sector
This comes amid contraction in industries’ growth, slowdown in economy
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Rupee likely to depreciate in next 6 months: SBP survey
Report highlights balance of payment pressures as key risk